Apache and J.M. Smucker Earnings Around the Corner

Apache Corp(NYSE:APA) will unveil its latest earnings on Thursday, February 16, 2012. The average estimate of analysts is for net income of $2.87 per share, a rise of 31.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $2.67. Between one and three months ago, the average estimate moved up. It has risen from $2.78 during the last month. For the year, analysts are projecting profit of $11.82 per share, a rise of 32.5% from last year.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of $2.95 per share versus a mean estimate of profit of $2.82 per share. On average, analysts predict $4.29 billion in revenue this quarter, a rise of 25.1% from the year-ago quarter. Analysts are forecasting total revenue of $16.77 billion for the year, a rise of 38.7% from last year’s revenue of $12.09 billion.

The J.M. Smucker Company(NYSE:SJM) will unveil its latest earnings on Thursday, February 16, 2012. The average estimate of analysts is for net income of $1.41 per share, a rise of 11% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.46. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.41 during the last month. Analysts are projecting profit to rise by 7.2% versus last year to $5.03.

Last quarter, the company missed estimates by 10 cents, coming in at profit of $1.29 per share versus a mean estimate of net income of $1.39 per share. In the first quarter, the company beat estimates by 4 cents. Analysts predict a rise of 17.6% in revenue from the year-earlier quarter to $1.54 billion.